New Ripple and Amazon Crypto Rumors Kick up Digital Dust With XRP For Retail Payments Usage

2018-11-6 03:23

New Ripple And Amazon Crypto Rumors Kick Up Digital Dust with XRP For Retail Payments Usage

Ripple continues to grow in the virtual currency market. The process of becoming bigger and better continues every single week. And Ripple executives keep mentioning Amazon when they give their presentations about global financial payments.

Cory Johnson, a Ripple executive, talked at the Unbound Miami on October 31st, about the older payment systems employed around the world. He said that it is ‘ridiculous’ that in 2018 it is possible to send text messages, files and emojis to all over the world, but it is very difficult to send money from one country to another.

He said about it:

“It is ridiculous that in 2018 we can send a text message with an emoji and get a file to a friend in Rome and send an email to a friend, but the fastest way to get money from here to Mexico City is to put $10,000 in a briefcase and fire it there.”

Additionally, he mentioned Amazon saying that it is hard for companies such as this one to pay customers in an easy and seamless way. Not only Amazon, but other companies have millions of dollars in different accounts to be able to pay customers all over the world.

He went on further suggesting that the era of digitalization needs to reach other parts of the world. Companies are working towards standards and that it is necessary for countries to have a truly global financial setting.

Cory has also said that the global financial world lacks from an instant messaging and settlement system. Nevertheless, he proposed XRP as a solution to these issues. XRP is one of the largest virtual currencies all over the world. It has a market capitalization of $18.34 billion dollars and each XRP coin can be purchased for $0.45609 dollars, according to CoinMarketCap.

Ripple, using XRP is able to solve the problems related to global remittance. Additionally, it has been partnering with different financial companies from different countries to help move money between different jurisdictions. Indeed, there are even central banks working on RippleNet and other recognized financial institutions.

Although there is no specific agreement between Ripple and Amazon, the cryptocurrency community usually thinks about the effects that a partnership of such level would have on the cryptocurrency market and on XRP.

In several occasions, the crypto community discussed about Amazon adopting their own virtual currency or a recognized crypto such as Bitcoin (BTC).

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Источник: bitcoinexchangeguide.com

ripple payments → Результатов: 126


Why Unifying Payments Infrastructure Will Boost Financial Inclusion

The latest episode of Block Stars is the conclusion of current Ripple CTO David Schwartz’s two-part conversation with former Ripple CTO, Stefan Thomas. Stefan is now the founder and CEO of Coil, a Web Monetization service that streams payments to publishers and creators based on the amount of time Coil members around the world spend … Continued The post Why Unifying Payments Infrastructure Will Boost Financial Inclusion appeared first on Ripple.

2020-9-1 21:00


Ripple Partner InstaReM Now Powers Real-Time Remittance Payments for SBI Remit and Cosmoney Clients

Ripple partner InstaReM will now power real-time cross border payments for the clients of another Ripple partner SBI, as per the latest announcement. A leading global financial payments infrastructure, InstaReM first joined Ripple for Southeast Asia payouts via RippleNet at the beginning of last year. Now, the company is going to work with one of […]

2019-9-11 17:07


RippleNet Strengthens Emerging Markets Access into India, Brazil and China

According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with India and China having the highest incoming flows in 2017. Together with this massive flow of capital, emerging markets are home to 85 percent of the global population and account for almost … Continued The post RippleNet Strengthens Emerging Markets Access into India, Brazil and China appeared first on Ripple.

2018-6-17 12:50


Фото:

Ripple Hosts World’s Central Banks to Explore Next Generation of Payments

Image: Shutterstock Ripple recently gathered over two dozen central banks from around the world to explore how new technologies enable the next generation of payments. The Central Bank Summit on Blockchain, hosted at Carnegie Hall in New York City, gathered central banks’ senior leadership, payment strategy leads and oversight staff for a focused discussion on … Continued The post Ripple Hosts World’s Central Banks to Explore Next Generation of Payments appeared first on Ripple.

2018-6-17 12:50


Ripper: Banks can not apply to Blockchain for future cross-border loans in the future

Ripple chief cryptographer David Schwartz claims that banks are unlikely to deploy blockchain to process international payments, citing low scalability and privacy problems, Reuters reports June 13. In an interview with Reuters, Schwartz argued that despite the fact that banks acknowledge blockchain technology’s potential in reducing transaction times and costs, the technology is still not

2018-6-14 09:20


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